Headwater Exploration Inc (HWX) — Financial Flexibility Index
Headwater Exploration Inc (HWX) has a Financial Flexibility Index of 0.39x as of March 2026. Free cash flow of CA$106.81 Million (operating CF CA$40.07 Million minus capex CA$66.74 Million) represents 0% of total liabilities (CA$272.16 Million). Check how strategically is Headwater Exploration Inc's equity deployed to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Headwater Exploration Inc Financial Flexibility Index (1995–2025)
Historical Financial Flexibility Index trend for Headwater Exploration Inc across 31 annual periods. See HWX current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Headwater Exploration Inc (1995–2025)
Year-by-year free cash flow to debt coverage for Headwater Exploration Inc. For the full company profile including market capitalisation, see Headwater Exploration Inc (HWX) total market value.
| Year | Flexibility Index | Free Cash Flow (CAD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.97x | CA$486.26 Million | CA$299.14 Million | CA$247.01 Million | ▼ -7.6% |
| 2024 | 2.13x | CA$539.60 Million | CA$316.74 Million | CA$253.18 Million | ▼ -11.4% |
| 2023 | 2.41x | CA$543.39 Million | CA$303.32 Million | CA$225.84 Million | ▼ -13.6% |
| 2022 | 2.78x | CA$532.85 Million | CA$283.93 Million | CA$191.41 Million | ▲ +0.5% |
| 2021 | 2.77x | CA$252.04 Million | CA$111.66 Million | CA$91.02 Million | ▲ +148.4% |
| 2020 | 1.11x | CA$35.29 Million | CA$230.00K | CA$31.66 Million | ▲ +63.0% |
| 2019 | 0.68x | CA$9.55 Million | CA$8.86 Million | CA$13.96 Million | ▼ -34.2% |
| 2018 | 1.04x | CA$14.12 Million | CA$11.87 Million | CA$13.60 Million | ▲ +1012.4% |
| 2017 | 0.09x | CA$1.18 Million | CA$1.08 Million | CA$12.62 Million | ▼ -74.8% |
| 2016 | 0.37x | CA$4.00 Million | CA$3.58 Million | CA$10.81 Million | ▼ -53.8% |
| 2015 | 0.80x | CA$8.20 Million | CA$7.80 Million | CA$10.25 Million | ▼ -70.0% |
| 2014 | 2.67x | CA$32.00 Million | CA$12.80 Million | CA$12.00 Million | ▲ +144.6% |
| 2013 | 1.09x | CA$10.76 Million | CA$9.68 Million | CA$9.86 Million | ▲ +83.3% |
| 2012 | 0.59x | CA$5.46 Million | CA$5.26 Million | CA$9.18 Million | ▼ -73.0% |
| 2011 | 2.20x | CA$19.58 Million | CA$10.63 Million | CA$8.88 Million | ▲ +60.3% |
| 2010 | 1.38x | CA$36.04 Million | CA$14.18 Million | CA$26.20 Million | ▼ -40.8% |
| 2009 | 2.32x | CA$71.07 Million | CA$32.71 Million | CA$30.59 Million | ▼ -12.8% |
| 2008 | 2.67x | CA$132.52 Million | CA$52.78 Million | CA$49.72 Million | ▼ -17.5% |
| 2007 | 3.23x | CA$128.53 Million | CA$15.38 Million | CA$39.76 Million | ▲ +113.8% |
| 2006 | 1.51x | CA$30.47 Million | CA$529.00K | CA$20.15 Million | ▼ -11.0% |
| 2005 | 1.70x | CA$15.20 Million | CA$2.04 Million | CA$8.95 Million | ▲ +560.7% |
| 2004 | 0.26x | CA$1.49 Million | CA$1.47 Million | CA$5.79 Million | ▲ +248.5% |
| 2003 | 0.07x | CA$364.08K | CA$342.52K | CA$4.93 Million | ▼ -93.6% |
| 2002 | 1.15x | CA$5.36 Million | CA$322.16K | CA$4.67 Million | ▼ -65.3% |
| 2001 | 3.30x | CA$6.57 Million | CA$-1.12 Million | CA$1.99 Million | ▼ -65.4% |
| 2000 | 9.54x | CA$1.30 Million | CA$-487.97K | CA$136.75K | ▲ +824.4% |
| 1999 | 1.03x | CA$436.58K | CA$-1.45 Million | CA$422.94K | ▼ -66.2% |
| 1998 | 3.05x | CA$4.01 Million | CA$372.77K | CA$1.31 Million | ▲ +498.4% |
| 1997 | 0.51x | CA$365.51K | CA$336.35K | CA$716.90K | ▲ +108.0% |
| 1996 | -6.37x | CA$-205.82K | CA$-205.82K | CA$32.34K | ▼ -745.6% |
| 1995 | 0.99x | CA$28.19K | CA$28.19K | CA$28.59K | — |